Looks like BlackBerry's chief legal officer sold some shares the last 2 weeks. 22K at first and then 65K.
Steven Zipperstein Sells 65,580 Shares of BlackBerry Stock (BB) | WKRB News - WKRB News
Posted via CB10
Looks like BlackBerry's chief legal officer sold some shares the last 2 weeks. 22K at first and then 65K.
Steven Zipperstein Sells 65,580 Shares of BlackBerry Stock (BB) | WKRB News - WKRB News
Posted via CB10
Probably not a good sign. Maybe he knows stuff most others don't and is getting out while the getting out is still good.
BlackBerry has permission to buy back 20 million shares
Z10
Looks like he sold just a wee bit early. He could have made an extra 280K if he had sold today.
BBRY has received a "buy" rating from several brokerage houses this week and @" hold" from many others . Currently trading @ $7.25 and the positive conversations about android is generating some upward movement.
As a senior officer he probably has multiple thousands. This sale of 87k is more likely to recover some losses or a tax issue rather than a lack of faith. We also don't know what his option price was. He may have gotten in with his options at very low price.
Posted via CB10
Probably needed some cash to buy a brand new car!
Posted via CB10
If he is an insider I believe he has to register in advance to sell his stock.
Guys;
The last time BB:TO traded at anywhere even close to these prices was December 9, 2013!
"BlackBerry (TSE:BB) insider Steven Zipperstein sold 65,580 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of C$6.09, for a total transaction of C$399,080.53.
Steven Zipperstein also recently made the following trade(s):
◾On Tuesday, September 29th, Steven Zipperstein sold 22,368 shares of BlackBerry stock. The shares were sold at an average price of C$6.08, for a total transaction of C$136,010.86.
Maybe he was looking for a tax write off for this year?